Ifrs español

Páginas: 3 (656 palabras) Publicado: 31 de enero de 2012

Changes in accounting policy and disclosures

(a) New and amended standards adopted bythe Company (the Group)

There are no IFRSs or IFRIC interpretations that are effective for the first time for the financial year beginning on or after January 1, 2011 that would be expected to have amaterial impact on the Company (the Group).

(b) New standards, amendments and interpretations issued but not effective for the financial year beginning January 1, 2011 and not early adoptedIAS 19, ‘Employee benefits’ was amended in June 2011. The impact on the Company (the Group) will be as follows: to eliminate the corridor approach and recognize all actuarial gains and losses in OtherComprehensive Income as they occur; to immediately recognize all past service costs; and to replace interest cost and expected return on plan assets with a net interest amount that is calculated byapplying the discount rate to the net defined benefit liability (asset). The Company (the Group) is yet to assess the full impact of the amendments.

IFRS 9, ‘Financial instruments’, addresses theclassification, measurement and recognition of financial assets and financial liabilities. IFRS 9 was issued in November 2009 and October 2010. It replaces the parts of IAS 39 that relate to theclassification and measurement of financial instruments. IFRS 9 requires financial assets to be classified into two measurement categories: those measured as at fair value and those measured at amortized cost.The determination is made at initial recognition. The classification depends on the entity’s business model for managing its financial instruments and the contractual cash flow characteristics of theinstrument. For financial liabilities, the standard retains most of the IAS 39 requirements. The main change is that, in cases where the fair value option is taken for financial liabilities, the...
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